Venture capital company 3i has announced it has sold UK chilled pizza company Stateside Foods to one of the largest European frozen pizza makers, Germany’s Freiberger, for an undisclosed sum.

Stateside Foods makes chilled topped pizza and pizza components including baked and frozen pizza bases and dough balls. The business operates from three sites in Westhoughton (Bolton), Skelmersdale and Haslingden.

In the early 1990’s 3i backed the management team in a buy-out of North West-based Stateside Foods from Lion Foods. The venture capital company said it provided £2m (US$3.2m) growth capital in 1999 to help fund the purchase of Skelmersdale-based Tolona Pizza from McCain. Stateside Foods has grown since then from an annual turnover of £15m and is expected to achieve a turnover of £50m this year.

Freiberger is a subsidiary of Sudzucker, the German sugar giant. This acquisition will expand its presence in the UK market with its first manufacturing facility there.

Stateside Foods, which employs 750 people, is to continue under the current management team.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.